stock transfer his company to company what is infact?
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Answer / h.r. sreepada bhagi
Question is not clear. However I assume that it's about
stock transfer.
When Raw Materials, Work-in-process or Finished goods are
transferred from one factory to another factory of the same
company, from factory to ware house located in a different
location or to a sales depot, or from one show room to
another show room or one warehouse to another warehouse of
the same company, it's called Stock Transfer. Even when a
principal sends his goods to his agent or consignee for
sale, it's considered as stock transfer.
In case of stock transfer the property in the goods are not
transferred from the consignor(transferor) to the consignee
(transferee), hence sales invoice is not required to be
prepared. Only internal stock adjustments are required to be
made in sending and receiving locations (branches).
Stock transfer is common when a company has multiple
branches/godowns/sales outlets/branches, etc.
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Answer / j b mishra
Stock transfer or material transfer from branch to other
branch is not comming under the perview of transfer of
property
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / h.r. sreepada bhagi
Mr. Mishra, there is difference between Transfer of property
in the goods & Transfer of property. The former means
transfer of ownership or title & the latter means transfer
of assets or property (usually referred to real estate).
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